(measure: index points; Source: The Heritage Foundation)
* indicates monthly or quarterly data series
South Korea: Economic freedom, overall index (0-100)
, 1995 - 2021:
For that indicator, we provide data for South Korea from 1995 to 2021. The average value for South Korea during that period was 71 index points with a minimum of 66 index points in 2005 and a maximum of 74 index points in 2017.
The latest value from 2021 is 74 index points. For comparison, the world average in 2021 based on 176
countries is 62 index points.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Definition: The Overall index of economic freedom has ten components grouped into four broad categories: Rule of Law; Limited Government; Regulatory Efficiency and
Open Markets. The overall economic freedom is scored on a scale of 0 to 100, where 100 represents the maximum freedom.